Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Cyclically Adjusted PS Ratio: 0.65 (As of Sep. 09, 2026) — 21% Below Median

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KUW:SHIP Heavy Engineering Industries and Shipbuilding Co KSC KUW:SHIP
79 GF Score
Price KWD0.63
GF Value KWD1.06
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Heavy Engineering Industries and Shipbuilding Co KSC Cyclically Adjusted PS Ratio?

Heavy Engineering Industries and Shipbuilding Co KSC KUW:SHIP -1.25% 79 Cyclically Adjusted PS Ratio is 0.65 as of Sep. 09, 2026, which is 21% below its 10-year median of 0.82. GuruFocus rates KUW:SHIP with a GF Score™ of 79/100 and a GF Value™ of KWD1.06 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,368 Construction companies, Heavy Engineering Industries and Shipbuilding Co KSC ranks better than 53.44% on this metric.

As of today (2026-09-09), Heavy Engineering Industries and Shipbuilding Co KSC's current share price is KWD0.633. Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was KWD0.97. Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PS Ratio for today is 0.65.

The historical rank and industry rank for Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PS Ratio or its related term are showing as below:

KUW:SHIP' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.63   Med: 0.82   Max: 1.01
Current: 0.65

During the past years, Heavy Engineering Industries and Shipbuilding Co KSC's highest Cyclically Adjusted PS Ratio was 1.01. The lowest was 0.63. And the median was 0.82.

KUW:SHIP's Cyclically Adjusted PS Ratio is ranked better than
53.44% of 1368 companies
in the Construction industry
Industry Median: 0.71 vs KUW:SHIP: 0.65

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Heavy Engineering Industries and Shipbuilding Co KSC's adjusted revenue per share data for the three months ended in Jun. 2026 was KWD0.277. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is KWD0.97 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heavy Engineering Industries and Shipbuilding Co KSC  (KUW:SHIP) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Heavy Engineering Industries and Shipbuilding Co KSC Cyclically Adjusted PS Ratio Related Terms


Heavy Engineering Industries and Shipbuilding Co KSC Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Heavy Engineering Industries and Shipbuilding Co KSC Cyclically Adjusted PS Ratio Chart

Heavy Engineering Industries and Shipbuilding Co KSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.66 0.87 0.85 0.83

Heavy Engineering Industries and Shipbuilding Co KSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.88 0.83 0.83 0.73 0.72

KUW:SHIP vs PWR, FIX, EME: Cyclically Adjusted PS Ratio Comparison

For the Engineering & Construction subindustry, Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Heavy Engineering Industries and Shipbuilding Co KSC Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PS Ratio falls into.


KUW:SHIP
79GF Score
Heavy Engineering Industries and Shipbuilding Co KSC KUW:SHIP
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heavy Engineering Industries and Shipbuilding Co KSC Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.633/0.97
=0.65

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Heavy Engineering Industries and Shipbuilding Co KSC's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.277/333.9520*333.9520
=0.277

Current CPI (Jun. 2026) = 333.9520.

Heavy Engineering Industries and Shipbuilding Co KSC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.146 241.428 0.202
201612 0.166 241.432 0.230
201703 0.189 243.801 0.259
201706 0.190 244.955 0.259
201709 0.236 246.819 0.319
201712 0.245 246.524 0.332
201803 0.208 249.554 0.278
201806 0.249 251.989 0.330
201809 0.234 252.439 0.310
201812 0.223 251.233 0.296
201903 0.229 254.202 0.301
201906 0.208 256.143 0.271
201909 0.218 256.759 0.284
201912 0.235 256.974 0.305
202003 0.212 258.115 0.274
202006 0.177 257.797 0.229
202009 0.201 260.280 0.258
202012 0.180 260.474 0.231
202103 0.184 264.877 0.232
202106 0.167 271.696 0.205
202109 0.154 274.310 0.187
202112 0.144 278.802 0.172
202203 0.141 287.504 0.164
202206 0.143 296.311 0.161
202209 0.145 296.808 0.163
202212 0.195 296.797 0.219
202303 0.168 301.836 0.186
202306 0.170 305.109 0.186
202309 0.199 307.789 0.216
202312 0.203 306.746 0.221
202403 0.178 312.332 0.190
202406 0.155 314.175 0.165
202409 0.195 315.301 0.207
202412 0.295 315.605 0.312
202503 0.238 319.799 0.249
202506 0.237 322.561 0.245
202509 0.274 324.800 0.282
202512 0.289 324.054 0.298
202603 0.219 330.213 0.221
202606 0.277 333.952 0.277

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 0.65 mean?
Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) has a Cyclically Adjusted PS Ratio of 0.65 as of Sep. 09, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Heavy Engineering Industries and Shipbuilding Co KSC and its competitors. This is 21% below median its historical median of 0.82. Over the past decade, Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PS Ratio has ranged from 0.63 to 1.01. According to the industry distribution chart, Heavy Engineering Industries and Shipbuilding Co KSC ranks #637 out of 1368 companies in the Construction industry, placing it in the top 46.6%.
Is Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PS Ratio too high?
Heavy Engineering Industries and Shipbuilding Co KSC's current Cyclically Adjusted PS Ratio of 0.65 is 21% below median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 1.01. The Construction industry median Cyclically Adjusted PS Ratio is 0.71. Heavy Engineering Industries and Shipbuilding Co KSC's value of 0.65 is 8.5% below this industry median. Based on the distribution chart, Heavy Engineering Industries and Shipbuilding Co KSC ranks #637 out of 1368 companies in the Construction industry, which is above the industry midpoint. Overall, Heavy Engineering Industries and Shipbuilding Co KSC has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Heavy Engineering Industries and Shipbuilding Co KSC's Cyclically Adjusted PS Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Heavy Engineering Industries and Shipbuilding Co KSC ranks #637 out of 1368 companies for Cyclically Adjusted PS Ratio. This puts Heavy Engineering Industries and Shipbuilding Co KSC in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.71. Heavy Engineering Industries and Shipbuilding Co KSC's value of 0.65 is 8.5% below this benchmark. Historically, Heavy Engineering Industries and Shipbuilding Co KSC's own Cyclically Adjusted PS Ratio has ranged from 0.63 to 1.01 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 0.71, Heavy Engineering Industries and Shipbuilding Co KSC has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.71, based on 1,368 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heavy Engineering Industries and Shipbuilding Co KSC's current Cyclically Adjusted PS Ratio of 0.65 is 8.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Heavy Engineering Industries and Shipbuilding Co KSC and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heavy Engineering Industries and Shipbuilding Co KSC's current Cyclically Adjusted PS Ratio is 0.65, which is 21% below median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heavy Engineering Industries and Shipbuilding Co KSC stock overvalued right now?
Based on GuruFocus' analysis, Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) is currently considered Possible Value Trap. The stock's GF Value™ is KWD1.06, compared to a current price of KWD0.63 — trading 40.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.65, which is 21% below median its 10-year median of 0.82 and 8.5% below the Construction industry median of 0.71. Heavy Engineering Industries and Shipbuilding Co KSC's overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP), the current Cyclically Adjusted PS Ratio is 0.65 as of Sep. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Heavy Engineering Industries and Shipbuilding Co KSC (KUW:SHIP) Overvalued in 2026?

Based on GuruFocus' analysis, Heavy Engineering Industries and Shipbuilding Co KSC stock appears to be undervalued. The current stock price of KWD0.63 is trading 40.3% below its estimated GF Value™ of KWD1.06. GuruFocus considers Heavy Engineering Industries and Shipbuilding Co KSC to be Possible Value Trap.

Key valuation signals for KUW:SHIP:

  • Cyclically Adjusted PS Ratio: 0.65 (21% below median its 10-year median of 0.82)
  • GF Value™: KWD1.06 vs. price of KWD0.63 (40.3% below fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 8.5% below the Construction median (#637 of 1368)

No single metric tells the full story. See the KUW:SHIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heavy Engineering Industries and Shipbuilding Co KSC Business Description

Address Shuwaik Port, Gate No.7, P.O. Box 21998, Safat, Kuwait, KWT, 13080
Heavy Engineering Industries and Shipbuilding Co KSC is engaged in engineering, procurement, and construction (EPC) contracting, focusing on the shipping and maritime industry in Kuwait. The Company serves sectors including oil and gas, refineries, petrochemicals, power, water distillation and desalination, shipbuilding, ship repair, dredging, and maritime construction. Its activities include industrial and marine works, installation and maintenance services, trading of equipment and spare parts, and contracting and tendering with international companies. It also provides services such as shipyard operations, fabrication, testing and calibration, quality control, scaffolding, galvanizing, onshore and offshore operations, technical manpower supply, and design and engineering services.
79GF Score

Get the complete analysis for KUW:SHIP

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

KWD0.63
Price
KWD1.06
GF Value